Versant Power Archives - Kennebec Journal and Morning Sentinel

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Versant Power

Published
October 25, 2023

Loss of property tax looms over mayors’ Question 3 concerns

The mayors of nine cities say they fear losing property taxes if Question 3 passes, despite language in the enabling legislation that should prevent that from happening.
Published
October 22, 2023

Public power question sharpens voters’ concerns about what’s at stake

A proposal to take over the state's two investor-owned utilities raises worries about reliability, politics, workers' rights, lawsuits and costs. Some are still in the dark.
Published
October 16, 2023

Commentary: Question 3 aims to fix what’s wrong with CMP, Versant

Their rates are too high and their reliability is too low. And they’ve had plenty of time to fix both and haven’t.
Published
October 13, 2023

Our View: Pine Tree Power not the answer to Maine’s utility challenges

Mainers want to save money, reduce outages and, focused on climate change, exert more control over grid decision-making. How do we best achieve those ends?
Published
October 2, 2023

Question 3: What you need to know about the Pine Tree Power referendum

The highly contentious question would establish the framework for a new utility to deliver electricity in Maine.

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Published
October 2, 2023

Question 1: Voters would have a say in certain big spending

Conceived as a fail-safe in case Question 3 passes, Question 1 would require voter approval for certain government bodies to take on more than $1 billion in debt.
Published
September 30, 2023

Commentary: With so much uncertainty, Pine Tree Power is a bad deal for Maine

Do we really want to be on the hook for ensuing litigation and billions of dollars in unpredictable costs?
Published
September 20, 2023

Mills urges voters to reject public utility takeover

The governor cited uncertainty about the long-term benefits of Pine Tree Power, and its initial cost.
Published
September 19, 2023

Prices at smaller utilities work their way into debate over Maine’s energy future

Backers of Pine Tree Power tout lower rates at customer-owned utilities, but comparing those rates with investor-owned utilities is complicated.
Published
September 15, 2023

Maine Voices: Pine Tree Power critics have vastly exaggerated CMP’s, Versant’s likely cost

Federal filings, Maine law and regulations and the current market for public utility assets do not support the $13.5 billion figure cited in opponents’ ads.